Market analysis: 06/19/2024 – Feel the exploitation

Welcome to this weekly market analysis!

This article is today dedicated to BTC AND ADA

Continuous decrease, buyers have no more strength?

It is constant that the decline that the cabbage of knowledge on the cryptocurrency market continues to beat full sons. Many altcoins have been old -fashioned from new hollows since the fall of FTX, Ethereum and Bitcoin are in difficult, the liquidity entering is almost nonexistent and the new arrivals are still not gone.

This context is complicated, notary, pour those exposed to altcoins to cross an initially portfolio.

Today, like every Tuesday, we rotate them to shed a point on the real market situation. This will be an opportunity to have supported them to the supervisor to avoid a greater fall and the objectives which for the for arteurs bring to a referral of the trend.

Capacity in free fall

The technical threshold at $ 2,400 millions that have been monitoring for many months a loose finish, led to the free field for a fall in cryptocurrencies on infantive seats.

With a Pollback, confirmative the break down of the technical lifteu, this testifies to the procedure do not make the sellers at the time when these lines are written.

With a drop of almost $ 100 billion in which

It is the level that does not make the Pasâterdu, although the downward sheit trend actually in order. A fall under this level would question the Houssière tendency Chure Le Longing. Thus, let's monitor the dynamics of the total capitalization of the Cryptomonnaes market in the next semines which has no great chances of evolving in the Lalealization phase.

Loss of $ 65,000 for Bitcoin?

While last week was put into perspective on the side of the King of the Crimptomanonies, we will help neanmins, depowed a few days, with the downward acceleration, causing in Granda Lather of the total capital of the Marté.

Now on an area technique at 65,000 dollars (daily pivot), it will be very interesting to monitor the course reaction on this area. If it can operate a rebound and Ethereum takes off in parallel, it will be pretty good sign. However, a fall underwent the actual area will indeed confirm the trend that took place on the side of the altcoins in the latter semenes.

To lend a moment, it is necessary to prevail of patience, the market has difficult to take off. As long as the King of Cryptomonae will not have in a discovery price area, he's complicated imaginative serum a dynamic houssière for the market residue, drink if EtherE Ethereum Spot la Machine for this summer 2024.

Ada on the razor thread!

Datzen cutting this, we will be interested in the ADA cryptocurrency. Despite the particular complex situation of the general view, it still seems interesting to bring an overview, each week, on one in particular.

Appressed several weeks of falling and following rejection on the $ 0.49, ADA is found in a weekly pivot area on which the Operes of reactors' course, whether up or or has decreased, depisted the Innea 2021!

If the finals must manifest themselves on ADA, it is now or never. In ATL flowing this year 2024, the entire increase was total erased. If he comes to fall under the pivot for lack of athraction and force on the bought side, he will take the path of $ 0.31 then of 0.23 dollars.

A contrario, if Ada comes to rewind her rebound, the assistants for the can to the potential recovery of the force. However, it is appropriate for the news that the news bias is lower. Numberus resistances by opsose to ADA on thresholds 0.49 and $ 0.59 (discharge level).

To lend a moment, in the coming weeks, it will be necessary to monitor the capacity of the assets to bounce on the news pivot. The dynamics which predict the aura influence of the participation of significant particular particular in the active in the coming months.

Jürgen, analyst technique, at feeling mining.